Stay informed about the upcoming Facebook Settlement Payout Date in 2024. Learn about the amount and exact date of the FB Class Action Payment. If you’ve experienced scams or had your data compromised while using Facebook, this article is essential for you.
Facebook Settlement Payout Date 2024
The $725 million Facebook Class Action settlement was officially approved on October 10, 2024. Payments are scheduled to start in June 2024. Around 17 million Facebook users who submitted claims before August 25, 2023, can expect to receive an average of $30 each. Eligibility for filing a claim extended to individuals who were Facebook users in the United States between May 24, 2007, and December 22, 2022, as stated on Facebook’s settlement portal.
The Federal court in California gave its final approval to Facebook’s $725 million privacy settlement. If you’ve filed a valid claim, your compensation will be on its way soon. We recommend checking the official portal regularly for the latest updates on Facebook compensation.
To be eligible, you cannot provide proof that someone else has accessed your personal data. However, you can still apply for the settlement even if you have deleted or deactivated your Facebook account.
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Facebook Settlement Payment Amount 2024
The company handling the settlement, Angeion Group, has announced that payments will be distributed promptly once all issues are resolved. Despite Facebook having a 30-day window to appeal the ruling made on October 10th, they have not taken any steps to do so yet. Lawyers involved anticipate each claimant will receive approximately $30 or slightly more, especially if they’ve had their account for a longer period than the agreed terms. Those who have been Facebook subscribers for a longer duration will receive the highest compensation compared to newer account holders.
Judge Viunjce Chhabira’s ruling specifies that the funds will be paid out within 90 days after the settlement is approved, likely beginning in early January 2024. The exact payout dates for the Facebook Settlement have not been officially disclosed, but according to media reports, it is expected to happen again around June 2024.
How To Check Facebook Settlement Status?
If you want to check the current status of your claim, please refer to the detailed guide we’ve provided below.
- To track your payment, use the claim ID you received via email or SMS when you submitted your application.
- Go to the main Facebook settlement portal and enter your Claim ID to check your status.
- Make sure you have a stable internet connection before logging into the official website.You will receive the payout from Facebook only if your claim form is accepted.
- If it’s rejected, you’ll see a message on the screen indicating so.
Please note that users who did not file a claim will not receive any settlement amount.
All We Know
Only those who submitted their claims before the deadline will receive an adjustment in the payment amount. The Facebook Settlement arose from claims against Facebook for mishandling user data and breaching privacy.
Facebook has agreed to establish a compensation fund to settle a class action lawsuit regarding privacy law violations. In 2023, it came to light that Facebook obtains user data through third parties, granting access to browsing activities for advertising purposes.
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After the final hearing, the recipient will begin reviewing their claims. Please be patient, as it may take some time for the claim to be deposited into your account. The Facebook settlement portal received approximately 17 million claims before the deadline.
Successful claimants will receive payment through secure methods such as PayPal, Zelle, Venmo, paper checks, or prepaid Mastercards. To stay informed with accurate information, it’s advisable to follow reliable sources for the latest updates.